EBU Single Rulebook Q&A 2 February 2015 2015_1779 Liabilities guaranteed by third parties subject to bail-in

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European Union · · · 06-02-2015

The provisions regarding exclusion of "secured liabilities“ from bail-in contained in in Articles 2(2)(67) and 44(2)(b) of Directive 2014/59/EU (BRRD) seem to be ambiguous. We seek clarification as to whether liabilities guaranteed by third parties can be subject to bail-in?

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